I think you're exaggerating the situation. Yes, this drop enables people to buy back their coins at lower rates, but it's not like the price has gone down massively, or will go down massively. In order to let the panic really kick in, we have to break through various support levels, and then still it's not sure that we will tank below the $2000 level. We're down like 10% since yesterday, and in current circumstances, that's peanuts.
And here we are, on $1825 right now as the lowest point at coinbase. People keep spreading bad news about bitcoin and many people believe those news. On the other side, daily traders could make big profits during this uncertain big drop of bitcoin price. On the edge of hope, we're watching the price and keep in faith that it will rise so significant after segwit implementation. Just prepare your cash to cover daily expenses, so you do not trap at the moment when you desperate need cash while bitcoin price below $1800.
Yip, I think we have reached the turning point now, and if I get back in now, I would still make $500 or more on every coin I buy, if it returns to previous levels and even $1000 per bitcoin, if it goes to $3000 this time. I also want to avoid the mad rush, when people start buying again.
Coinbase and other exchanges are notorious for not being able to handle the traffic, when there is a mad rush to buy, so I want to avoid that too. I do not want to miss out on this one, because I think this one is going to be the big one. ^smile^
Or a dead-cat bounce that we see right now. We may yet to see a lot of pain ahead, so I wouldn't be particularly enthusiastic about this rebound (or a "tipping point" as you call it). It may turn out to be a trap where incautious and reckless bulls will run into. In other words, that would be too simple and too easy to end up like this. Anyway, Litecoin continues to make local highs in bitcoins, so if you don't want to play these game and fall victim to greedy pice manipulors, you know where to hide